Travco to Establish a New Steigenberger-run hotel in Sheikh Zayed

Travco Travel Company, a destination management company in Egypt, has signed a 50-50% partnership contact with German investors to establish a new 300-room hotel in Sheikh Zayed this year

Egypt, InterContinental Hotels Groups Sign Deal to Manage 100 Tourist Rooms at New Alamein

Housing Minster Mostafa Madbouly held a meeting with Pascal Goven, chief executive officer of InterContinental Hotels and Resorts in India, Middle East and Africa (IHG) on Monday, agreeing to sign a cooperation pr ...

Prince Waleed Bin Talal, TMG Inject USD 800 mn into Egypt’s Hospitality Projects

Saudi Prince and business tycoon Waleed bin Talal is to inject investments worth USD 800 mn, in co-operation with Talaat Mostafa Group (TMG), into a number of hospitality projects in Egypt, Invest-Gate reports.

Exhibitors Display over 43 Projects at Cityscape 2017

The sixth edition of Cityscape Egypt this year features over 43 projects ranging from residential, commercial, offices, and hospitality projects, Invest-Gate reports.

Accor Hotels, Arabiya Group to Establish Residence Fairmont Pyramids Hotel

Leading hospitality group Accor Hotels partners with Egypt’s prominent real estate company Arabia Group to establish the new Residence Fairmont Pyramids Hotel in 6th of October, Invest-Gate reports.

Emaar to Build Mixed-Use Development in Ras Al Khaimah

Emaar Properties plans to build a- 2 mn-square- foot mixed-use development in the emirate of Ras Al Khaimah, reported Gulf Business on Wednesday

R Hotels to Open UAE’s First Wyndham Garden

Hotel operator R Hotels is set to open the first Wyndham Garden hotel in the UAE in the emirate of Ajman at a cost of AED 200 mn, Invest-Gate reports

Second Rove Hotel in Dubai Unveiled

Rove Hotels, a mid-scale hotel brand joint venture of Emaar Properties and Meraas Holding, opened its second property in Dubai, reported Trade Arabia on Tuesday

Abu Dhabi Sees Slide in Rents: CBRE

Residential rents in the emirate of Abu Dhabi declined by 2% quarter-on-quarter while rents for office space as well as hotel occupancy rates also declined, according to CBRE's Q3 2016 Marketview for Abu Dhabi.

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